Bitcoin price struggled to settle above the $65,000 zone. BTC is again moving lower and there is a risk of more downsides below $62,000.
Bitcoin started another decline after it failed to surpass the $64,000 resistance zone.
The price is trading below $64,500 and the 100 hourly Simple moving average.
There is a key bearish trend line forming with resistance at $63,350 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could accelerate lower if there is a daily close below the $62,400 support zone.
Bitcoin Price Dives Again
Bitcoin price attempted a fresh increase above the $64,000 zone. However, BTC failed to gain pace for a move above the $65,000 resistance zone. A high was formed at $64,301 and the price started another decline.
There was a move below the $63,800 level. The price declined below the 50% Fib retracement level of the upward move from the $62,408 swing low to the $64,301 high. Bitcoin is now trading below $63,200 and the 100 hourly Sim
We współpracy z: https://www.newsbtc.com/analysis/btc/bitcoin-price-grinds-lower-62k/
